Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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LatAmOil provides oil and gas Insight and Foresight from Mexico and Central America to the Caribbean and South America. From the heavyweight producers such as Brazil to emerging frontiers like Guyana, LatAmOil informs you of what is going on and why through commentary, exclsuive interviews, news and analysis. In such a notoriously challenging environment, in-depth and accurate information makes every difference in vital decision making and strategy – LatAmOil brings this directly to your inbox every week.
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Brazil’s Petrobras edges closer on Amazon oil plan
Brazil's environmental agency Ibama has granted national oil company (NOC) Petrobras approval to move forward with a key step toward drilling in the coveted Foz do Amazonas basin, though it issued a significant warning about future licensing.
Norwegian DOF locks $480mn Brazil’s Petrobras deal
Norwegian offshore vessel operator DOF Group has secured four long-term contracts with Petrobras for its anchor handling tug supply (AHTS) vessels, the company said.
Pemex under fire for worsening environmental impact
Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, is facing growing criticism for its significant role in hydrocarbon-related environmental damage and its apparent lack of sufficient response strategies.
Venezuela deepens oil partnership with India as sanctions cast shadow
Venezuela is reinforcing its strategic relationship with India, one of its largest oil buyers, as the two nations look to strengthen ties in the face of mounting external pressure
US poised to extend Chevron's Venezuela operations as detained American veteran freed
The Trump administration is poised to prolong Chevron's authorised operations in Venezuela by an additional 60 days, as Washington continues sensitive talks with Nicolás Maduro’s government regarding American detainees.
Guyana's Natural Resource Fund receives major inflow of oil revenues in 2025
Guyana's Natural Resource Fund received approximately $901.6mn in oil revenues for the first four months of 2025, according to data from the Bank of Guyana.
Guyana passes oil pollution bill in historic vote
Guyana's National Assembly passed an oil pollution bill that will hold companies and offshore operators accountable for oil spills.
Suriname launches oil royalty scheme for citizens
Suriname has taken a landmark step toward equitable resource sharing with President Chandrikapersad Santokhi's launch of the 'Royalty's Voor Iedereen' program, a direct disbursement scheme for the nation's anticipated oil revenues.
Argentina's Río Negro province signs historic pipeline agreement with Vaca Muerta consortium
Río Negro Governor Alberto Weretilneck has signed a landmark agreement with the VMOS consortium that aims to transform the Argentine province's economic landscape through the development of the Vaca Muerta Sur project.
Extortion gangs tighten grip on Colombia’s top oil region
Colombia's premier oil-producing region faces mounting security challenges as illegal armed groups expand their presence in economically crucial areas, significantly hampering investment potential.
Venezuela reroutes crude shipments as Chevron exits the country
Venezuela’s state oil company PDVSA has resumed independent exports of Boscan heavy crude, a grade previously handled by Chevron, after cancelling scheduled shipments to the US energy giant over payment concerns
Venezuela blames sanctions for economic collapse as crude shipments shift east
Venezuela’s Vice President and Hydrocarbons Minister Delcy Rodríguez claims international sanctions have inflicted deep economic damage, wiping out $642bn from the country’s GDP since 2017 and costing $232bn in lost revenue.
Karoon Energy completes $115mn acquisition of Brazilian FPSO vessel
Australian oil and gas company Karoon Energy said it has completed the acquisition of the Cidade de Itajaí floating production, storage and offloading vessel (FPSO) operating at Brazil's Baúna field through its wholly owned Brazilian subsidiary,
Singapore tows giant FPSO for Brazil
Singapore’s PACC Offshore Services Holdings (POSH) has completed the towing of the P-80 FPSO hull from China to Singapore for topside integration, the company announced.
Suriname's Staatsolie secures loan to facilitate participation in new oil development
Suriname’s national oil company Staatsolie secured a $1.6bn bank loan to finance its 20% participation in the offshore GranMorgu development in Block 58, the company announced following the finalisation of the agreement.
China to receive crude oil from Guyana for the first time in three years
China is set to receive its first direct shipment of Guyanese crude oil in three years, according to independent price reporting agency Quantum Commodity Intelligence.
SBM Offshore on track to deliver Guyanese FPSOs in 2025
SBM Offshore remains on track to deliver three major floating production storage and offloading vessels in 2025, with significant progress across all units.
Oil spill from massive cargo vessel occurs in Guyana's Demerara River
An environmental emergency unfolded along Guyana's Demerara River when the AROYAT, a foreign-flagged bulk carrier, leaked oil while docked at a sugar terminal, as announced by the Maritime Administration Department.
United Oil & Gas advances Jamaica exploration with seafloor sampling permit application
London-based United Oil & Gas has taken a significant step forward with its Caribbean exploration ambitions, filing permit documents with Jamaican authorities for an extensive seafloor sampling programme, the company said in a press release.
Colombia's Ecopetrol faces environmental sanctions over Huila oil project
Colombian environmental regulator has initiated sanctions proceedings against state oil company Ecopetrol for environmental violations at its Río Ceibas oil field project in Huila, according to documents.
Venezuela's April oil output rises slightly, although OPEC estimates show decline
Venezuela’s crude production edged up slightly in April, maintaining output above 1mn barrels per day (bpd) for the fourth consecutive month, according to figures submitted by the government to OPEC
Chevron and European firms push to keep Venezuelan oil stakes as US tightens sanctions
Chevron Corp. and several European oil companies are seeking approval from the Trump administration to maintain their holdings in joint ventures with Venezuela’s state oil firm, PDVSA
Mexico’s Pemex production shortfall eclipses tax collection gains in first quarter, analyst warns
Low oil production at Mexican state oil company Pemex overshadowed government efforts to boost tax revenues through enforcement measures in the first quarter.
Venezuela faces economic meltdown amid renewed oil sanctions, soaring inflation
Venezuela is bracing for more economic turmoil as international sanctions, rampant inflation, and currency devaluation return to the fore
Falling oil prices, though a hit to revenue, offer some fiscal relief for Colombia
Lower oil prices are providing a mixed blessing for Colombia's strained fiscal position, offering some respite to the country's fuel subsidy mechanism despite reducing government revenue, according to a new analysis from Corficolombiana.
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